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XP Inc. Partners With Jive, a Leading Alternative Investment Manager in Brazil

 XP Inc. Partners With Jive, a Leading Alternative Investment Manager in Brazil

SÃO PAULO, Brazil–(BUSINESS WIRE)–XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, signed yesterday the acquisition of a minority stake in Jive Investments, the largest independent alternative investment manager in Brazil, offering credit recovery, real estate, and other distressed asset strategies. XP’s investment will allow Jive to accelerate its growth, while the partnership represents another step in XP’s initiative to foster independent asset managers in Brazil within an entrepreneur-friendly ecosystem.

Additionally, the development of independent asset managers meets XP’s strategy by contributing to an increase in secondary market liquidity. Higher liquidity is vital when we think about the disintermediation in the credit industry through capital markets.

Currently, Jive manages approximately R$8 billion in assets, R$21 billion in face value with more than 1,300 investors in Brazil and abroad. The partnership will allow the company to originate and distribute assets directly or through approximately 9,000 IFAs plugged into XP’s network.

One of Jive’s strategic initiatives is to enter the retail channel. “Our initial focus was investing in highly complex assets for institutional investors. Now, we are extending our investment offerings into products with lower risk and complexity profiles, which are more appropriate for a wider audience,” commented Guilherme Ferreira, partner at Jive. “Our plans include stepped up investments in technology, expanding origination and distribution channels, strengthening the team, and capitalizing on opportunities to acquire other managers and platforms that are complementary to our business.

“Jive is a leading player in alternative investments in Brazil. Our vision is to offer our clients a complete investment ecosystem through partnerships with the best managers in the market, such as Jive,” stated Leon Goldberg, partner at XP Inc.

Initial product development initiatives will be focused on high yield credit, real estate, and legal assets. More broadly, Jive plans to offer a more complete and integrated investment platform in alternative and illiquid assets, with differentiated products for investors. Moreover, management is planning on expanding the company’s offering of asset management, collection, and recovery services to third parties, including banks, pension funds and large companies.

The governance and independence of each company will remain unchanged.

The closing of the transaction is dependent on the approval of Cade (Administrative Council for Economic Defense).

About Jive

Jive Investments (www.jiveinvestments.com.br) is an integrated alternative asset management platform focused on the origination, acquisition and recovery of non-performing loans (“NPL”), real estate in complex situations, judicial assets and other distressed assets. A leader in investing in distressed assets in Brazil and the most significant independent player in the market, Jive has a fully integrated credit recovery process, including the management of legal and administrative collection proceedings and the management of recovered properties and other physical assets, within a single, scalable, technology-intensive platform for asset location, pricing and recovery.

About XP

XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by:

  • Educating new classes of investors;
  • Democratizing access to a wider range of financial services;
  • Developing new financial products and technology applications to empower clients; and
  • Providing high-quality customer service and client experience in the industry in Brazil.

XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 800 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control.

XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.

For any questions, please contact:

André Martins

Antonio Guimaraes

Investor Contact:[email protected]
IR Website:investors.xpinc.com

KEYWORDS: United States South America North America Brazil

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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XP Inc. Partners With Jive, a Leading Alternative Investment Manager in Brazil

 XP Inc. Partners With Jive, a Leading Alternative Investment Manager in Brazil

SÃO PAULO, Brazil–(BUSINESS WIRE)–XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, signed yesterday the acquisition of a minority stake in Jive Investments, the largest independent alternative investment manager in Brazil, offering credit recovery, real estate, and other distressed asset strategies. XP’s investment will allow Jive to accelerate its growth, while the partnership represents another step in XP’s initiative to foster independent asset managers in Brazil within an entrepreneur-friendly ecosystem.

Additionally, the development of independent asset managers meets XP’s strategy by contributing to an increase in secondary market liquidity. Higher liquidity is vital when we think about the disintermediation in the credit industry through capital markets.

Currently, Jive manages approximately R$8 billion in assets, R$21 billion in face value with more than 1,300 investors in Brazil and abroad. The partnership will allow the company to originate and distribute assets directly or through approximately 9,000 IFAs plugged into XP’s network.

One of Jive’s strategic initiatives is to enter the retail channel. “Our initial focus was investing in highly complex assets for institutional investors. Now, we are extending our investment offerings into products with lower risk and complexity profiles, which are more appropriate for a wider audience,” commented Guilherme Ferreira, partner at Jive. “Our plans include stepped up investments in technology, expanding origination and distribution channels, strengthening the team, and capitalizing on opportunities to acquire other managers and platforms that are complementary to our business.

“Jive is a leading player in alternative investments in Brazil. Our vision is to offer our clients a complete investment ecosystem through partnerships with the best managers in the market, such as Jive,” stated Leon Goldberg, partner at XP Inc.

Initial product development initiatives will be focused on high yield credit, real estate, and legal assets. More broadly, Jive plans to offer a more complete and integrated investment platform in alternative and illiquid assets, with differentiated products for investors. Moreover, management is planning on expanding the company’s offering of asset management, collection, and recovery services to third parties, including banks, pension funds and large companies.

The governance and independence of each company will remain unchanged.

The closing of the transaction is dependent on the approval of Cade (Administrative Council for Economic Defense).

About Jive

Jive Investments (www.jiveinvestments.com.br) is an integrated alternative asset management platform focused on the origination, acquisition and recovery of non-performing loans (“NPL”), real estate in complex situations, judicial assets and other distressed assets. A leader in investing in distressed assets in Brazil and the most significant independent player in the market, Jive has a fully integrated credit recovery process, including the management of legal and administrative collection proceedings and the management of recovered properties and other physical assets, within a single, scalable, technology-intensive platform for asset location, pricing and recovery.

About XP

XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by:

  • Educating new classes of investors;
  • Democratizing access to a wider range of financial services;
  • Developing new financial products and technology applications to empower clients; and
  • Providing high-quality customer service and client experience in the industry in Brazil.

XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 800 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control.

XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.

For any questions, please contact:

André Martins

Antonio Guimaraes

Investor Contact:[email protected]
IR Website:investors.xpinc.com

KEYWORDS: United States South America North America Brazil

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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XP Inc. Partners With Jive, a Leading Alternative Investment Manager in Brazil

 XP Inc. Partners With Jive, a Leading Alternative Investment Manager in Brazil

SÃO PAULO, Brazil–(BUSINESS WIRE)–XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, signed yesterday the acquisition of a minority stake in Jive Investments, the largest independent alternative investment manager in Brazil, offering credit recovery, real estate, and other distressed asset strategies. XP’s investment will allow Jive to accelerate its growth, while the partnership represents another step in XP’s initiative to foster independent asset managers in Brazil within an entrepreneur-friendly ecosystem.

Additionally, the development of independent asset managers meets XP’s strategy by contributing to an increase in secondary market liquidity. Higher liquidity is vital when we think about the disintermediation in the credit industry through capital markets.

Currently, Jive manages approximately R$8 billion in assets, R$21 billion in face value with more than 1,300 investors in Brazil and abroad. The partnership will allow the company to originate and distribute assets directly or through approximately 9,000 IFAs plugged into XP’s network.

One of Jive’s strategic initiatives is to enter the retail channel. “Our initial focus was investing in highly complex assets for institutional investors. Now, we are extending our investment offerings into products with lower risk and complexity profiles, which are more appropriate for a wider audience,” commented Guilherme Ferreira, partner at Jive. “Our plans include stepped up investments in technology, expanding origination and distribution channels, strengthening the team, and capitalizing on opportunities to acquire other managers and platforms that are complementary to our business.

“Jive is a leading player in alternative investments in Brazil. Our vision is to offer our clients a complete investment ecosystem through partnerships with the best managers in the market, such as Jive,” stated Leon Goldberg, partner at XP Inc.

Initial product development initiatives will be focused on high yield credit, real estate, and legal assets. More broadly, Jive plans to offer a more complete and integrated investment platform in alternative and illiquid assets, with differentiated products for investors. Moreover, management is planning on expanding the company’s offering of asset management, collection, and recovery services to third parties, including banks, pension funds and large companies.

The governance and independence of each company will remain unchanged.

The closing of the transaction is dependent on the approval of Cade (Administrative Council for Economic Defense).

About Jive

Jive Investments (www.jiveinvestments.com.br) is an integrated alternative asset management platform focused on the origination, acquisition and recovery of non-performing loans (“NPL”), real estate in complex situations, judicial assets and other distressed assets. A leader in investing in distressed assets in Brazil and the most significant independent player in the market, Jive has a fully integrated credit recovery process, including the management of legal and administrative collection proceedings and the management of recovered properties and other physical assets, within a single, scalable, technology-intensive platform for asset location, pricing and recovery.

About XP

XP is a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil. XP’s mission is to disintermediate the legacy models of traditional financial institutions by:

  • Educating new classes of investors;
  • Democratizing access to a wider range of financial services;
  • Developing new financial products and technology applications to empower clients; and
  • Providing high-quality customer service and client experience in the industry in Brazil.

XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in Brazil, high-net-worth clients, international clients and corporate and institutional clients, and (ii) an open financial product platform providing access to over 800 investment products including equity and fixed income securities, mutual and hedge funds, structured products, life insurance, pension plans, real-estate investment funds (REITs) and others from XP, its partners and competitors.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP Inc’s control.

XP, Inc’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.

For any questions, please contact:

André Martins

Antonio Guimaraes

Investor Contact:[email protected]
IR Website:investors.xpinc.com

KEYWORDS: United States South America North America Brazil

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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Duolingo Files Registration Statement for Proposed Initial Public Offering

PR Newswire

PITTSBURGH, June 28, 2021 /PRNewswire/ — Duolingo, Inc. (“Duolingo”), the world’s leading mobile language learning platform, announced today that it has publicly filed a registration statement with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Duolingo has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “DUOL.”

Goldman Sachs & Co. LLC and Allen & Company LLC will act as lead bookrunners, BofA Securities, Barclays Capital Inc., Evercore Group L.L.C. and William Blair & Company, L.L.C.  will act as additional bookrunners and KeyBanc Capital Markets Inc., JMP Securities LLC, Piper Sandler & Co., and Raymond James & Associates, Inc. will act as co-managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, by telephone at 1-866-471-2526 or by email at [email protected]; and Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, 10th Floor, New York, New York 10022, by telephone at 212-339-2696 or by email at [email protected].

A registration statement on Form S-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Duolingo
Duolingo is the leading mobile learning platform globally, offering courses in 40 languages to approximately 40 million monthly active users. With over 500 million downloads, its flagship app has organically become the world’s most popular way to learn languages and the top-grossing app in the Education category on both Google Play and the Apple App Store. With technology at the core of everything it does, Duolingo has consistently invested to provide learners a fun, engaging, and effective learning experience while remaining committed to its mission to develop the best education in the world and make it universally available.

Cision View original content:https://www.prnewswire.com/news-releases/duolingo-files-registration-statement-for-proposed-initial-public-offering-301321399.html

SOURCE Duolingo

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Valley National Bancorp to Announce Second Quarter 2021 Earnings

NEW YORK, June 28, 2021 (GLOBE NEWSWIRE) — Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its second quarter 2021 earnings before the market opens on Thursday, July 22, 2021.

Valley’s President and CEO, Ira Robbins, will host a conference call on Thursday, July 22nd at 11:00 AM (ET) to discuss Valley’s second quarter 2021 earnings. Interested parties are invited to listen in by dialing toll-free 866-354-0432 Conference Id: 5767419.

The teleconference will also be webcast live: https://edge.media-server.com/mmc/p/dc2uj3x4 and archived on Valley’s website through Friday, August 27, 2021.  

Investor presentation materials will be made available prior to the conference call at www.valley.com.

About Valley

As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $41 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations across New Jersey, New York, Florida and Alabama, and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley’s corporate citizenship philosophy. To learn more about Valley, go to www.valley.com or call our Customer Care Center at 800-522-4100.

Contact: Michael Hagedorn, SEVP
  Chief Financial Officer
  973-872-4885



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Institutional Property Advisors Closes $90 Million Grocery-Anchored Shopping Center Sale in Pennsylvania

Institutional Property Advisors Closes $90 Million Grocery-Anchored Shopping Center Sale in Pennsylvania

CAMP HILL, Pa.–(BUSINESS WIRE)–Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Camp Hill Shopping Center, a 430,198-square-foot shopping center located at 3301 Trindle Road in Camp Hill, Pennsylvania. The sales price is approximately $90 million.

“Camp Hill Shopping Center is one of the many outstanding grocery-anchored shopping centers within the Cedar Realty Trust portfolio,” said Brad Nathanson, IPA senior managing director. “Currently 96% occupied, the property is anchored by one of the top-performing Giant Food Markets in the entire chain, operating out of 92,939 square feet, which makes it one of the tenant’s largest locations.” Nathanson represented the seller, Cedar Realty Trust, and identified the buyer, GSD CampHill Pradsavi Group LLC. Marcus & Millichap Capital Corporation arranged the debt on behalf of the buyer.

“Anchor sales for Camp Hill are some of the best within their respective chains, which lead to the historical high retention of tenancy,” Nathanson said. “Camp Hill Shopping Center is arguably the best-located and tenanted shopping center within all of Central Pennsylvania, led by market-share leading Giant Food Markets in their flagship store.” Additional tenants include Boscov’s Department Store, Staples, Five Below, Barnes & Noble, and LA Fitness.

The Camp Hill Shopping Center is located at the pinnacle hub of Route 15 and Route 11 on the Western Shores of Harrisburg in a high-growth market where substantial industrial development over the past 10 years has made it one of the top corridors in the United States. Once an enclosed mall, the center was redeveloped by Cedar Realty Trust in 2005.

“There is tremendous demand for dominant grocery-anchored shopping centers nationally, given the rebound in the markets post-COVID and the attractive debt markets,” Nathanson concluded. “In fact, demand is outpacing the supply of first-class, high-performing assets like Camp Hill Shopping Center.” Bruce Schanzer, CEO of Cedar Realty Trust, commented: “We are very pleased with this transaction. Thank you to Brad Nathanson and his IPA colleagues for their professionalism and dedication in seeing this to a satisfactory conclusion.” Cedar will be retaining property management of the asset. Sean Beuche, license no. RM424190, is Marcus & Millichap’s broker of record in Pennsylvania.

About Institutional Property Advisors (IPA)

Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com

About Marcus & Millichap (NYSE: MMI)

With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com.

Gina Relva, Public Relations Director

[email protected]

KEYWORDS: United States North America Pennsylvania

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Finance Other Retail REIT Supermarket Professional Services Retail Other Construction & Property

MEDIA:

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Fortuna and Roxgold shareholders approve business combination to create a global premier growth-oriented intermediate gold and silver producer

VANCOUVER, British Columbia, June 28, 2021 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (“Fortuna”) (NYSE: FSM | TSX: FVI) and Roxgold Inc. (“Roxgold”) (TSX: ROXG | OTCQX: ROGFF) are pleased to announce that shareholders of both Fortuna and Roxgold have approved all matters voted on at Fortuna’s annual and special meeting as well as at Roxgold’s special meeting and annual meeting held earlier today, including the proposed acquisition by Fortuna of all of the outstanding common shares of Roxgold (“Roxgold Shares“) by way of a proposed plan of arrangement (the “Arrangement“), pursuant to the terms and subject to the conditions of the arrangement agreement between Fortuna and Roxgold dated effective April 26, 2021 (for additional information, please refer to the joint news release dated April 26, 2021, “Fortuna And Roxgold Agree To Business Combination Creating A Low-Cost Intermediate Global Precious Metals Producer”)

Subject to the satisfaction or waiver of the remaining conditions to the Arrangement, including approval of the Arrangement by the British Columbia Supreme Court, which application will be heard June 30, 2021, closing of the Arrangement is expected to occur on July 2, 2021.

Following completion of the Arrangement, current Fortuna shareholders and former Roxgold shareholders will own approximately 63.6% and 36.4% of the outstanding Fortuna Shares, respectively. Post-arrangement, Fortuna will continue under the name “Fortuna Silver Mines Inc.” with the ticker symbol “FVI” on the Toronto Stock Exchange and “FSM” on the New York Stock Exchange, and Roxgold will be a wholly-owned subsidiary of Fortuna. Roxgold will be delisted from the Toronto Stock Exchange and an application will be made for Roxgold to cease to be a reporting issuer.

Fortuna Voting Results

The issuance by Fortuna of up to 110,128,963 common shares of Fortuna (“Fortuna Shares“) to the shareholders of Roxgold in exchange for all of the issued and outstanding Roxgold Shares pursuant to the Arrangement was approved by 96.65% of the votes cast by Fortuna shareholders present by virtual attendance or represented by proxy at Fortuna’s annual and special meeting.

All matters presented for approval at the Fortuna annual and special meeting were duly authorized and approved as follows:

Item of Business   Votes Cast FOR   Votes Cast Against / Withheld
Share Issuance in connection with the Arrangement   37,829,172
(96.65%)		   1,311,875
(3.35%)
Re-appointment of KPMG LLP as the auditor of Fortuna   69,528,259
(98.55%)		   1,023,311
(1.45%)
Fixing the number of directors elected to the board of Fortuna at six   38,543,472
(98.47%)		   597,574
(1.53%)

Detailed voting results regarding the election of Fortuna directors are as follows:

Name   Votes Cast FOR   Votes Withheld
Jorge A. Ganoza Durant   38,509,971
(98.39%)		   631,076
(1.61%)
David Laing   37,097,973
(94.78%)		   2,043,074
(5.22%)
Mario Szotlender   38,312,437
(97.88%)		   828,610
(2.12%)
David Farrell   36,315,260
(92.78%)		   2,825,786
(7.22%)
Alfredo Sillau   38,293,545
(97.83%)		   847,501
(2.17%)
Kylie Dickson   38,357,208
(98.00%)		   783,839
(2.00%)

Roxgold Voting Results

The Arrangement with Fortuna was approved by 84.80% of the votes cast by Roxgold shareholders present by virtual attendance or represented by proxy at Roxgold’s special virtual meeting, as well as 84.15% of votes cast after excluding the votes cast by a director and an officer of Roxgold in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

All matters presented for approval at Roxgold’s special meeting and its annual meeting were duly authorized and approved as follows:

Item of Business   Votes Cast FOR   Votes Against / Withheld
Approval of Arrangement   211,895,783
(84.80%)		   37,988,933
(15.20%)
Re-appointment of PricewaterhouseCoopers LLP as the auditor of Roxgold   253,335,182
(99.27%)		   1,866,417
(0.73%)

Detailed voting results regarding the election of Roxgold directors are as follows:

Name   Votes Cast FOR   Votes Withheld
Richard Colterjohn   205,609,038
(90.41%)		   21,820,098
(9.59%)
John Dorward   207,927,664
(91.43%)		   19,501,472
(8.57%)
Kate Harcourt   207,686,644
(91.32%)		   19,742,492
(8.68%)
John L. Knowles   207,649,776
(91.30%)		   19,779,360
(8.70%)
Oliver Lennox-King   207,594,092
(91.28%)		   19,835,044
(8.72%)
Dawn Moss   207,922,022
(91.42%)		   19,507,114
(8.58%)
Norman Pitcher   207,910,888
(91.42%)		   19,518,248
(8.58%)

About Fortuna Silver Mines Inc.

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with operations in Peru, Mexico, and Argentina. Sustainability is integral to all of Fortuna’s operations and relationships. Fortuna produces silver and gold and generates shared value over the long-term for its shareholders and stakeholders through efficient production, environmental protection, and social responsibility. For more information, please visit Fortuna’s website.

About Roxgold Inc.

Roxgold is a Canadian-based gold mining company with assets located in West Africa. Roxgold owns and operates the high-grade Yaramoko Gold Mine located on the Houndé greenstone belt in Burkina Faso and is also advancing the development and exploration of the Séguéla Gold Project located in Côte d’Ivoire. Roxgold trades on the TSX under the symbol ROXG and as ROGFF on OTCQX.

For information about Fortuna Silver Mines Inc.

Carlos Baca
Manager, Investor Relations
E: [email protected]		 For information about Roxgold Inc.

Graeme Jennings, CFA
Vice President, Investor Relations
E: [email protected]
   

The Toronto Stock Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this news release.


Forward-looking Statements

This news release contains forward-looking statements which constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 (collectively, “Forward-looking Statements”). All statements included, other than statements of historical fact, which address activities, events or developments that Fortuna or Roxgold expects or anticipates may or will occur in the future, are forward-looking information.

The Forward-looking Statements in this news release may include, without limitation, statements about Fortuna and Roxgold’s current expectations, estimates and projections for the pro forma company, the timing and anticipated receipt of required court approvals, the anticipated timing of the completion of the Arrangement. Readers are also cautioned that such additional information is not exhaustive. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “anticipated”, “estimated”, “expected”, “potential”, “future”, “assumed”, “projected”, “planned”, “to be”, “will” or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

The impact of any one risk, uncertainty or factor on a particular forward-looking statement is not determinable with certainty as these factors are independent and management’s future course of action would depend on its assessment of all information at that time. Readers are urged to consult the disclosure provided under the heading “Risk Factors” in each of Fortuna’s and Roxgold’s annual information form for the year ended December 31, 2020 which has been filed on SEDAR at

www.sedar.com

for further information regarding the risks and other factors applicable to the Arrangement.

Although Fortuna and Roxgold believe that the expectations conveyed by the Forward-looking Statements are reasonable based on information available at the date of preparation, no assurances can be given as to future results, levels of activity and achievements. Fortuna and Roxgold disclaim any obligation to update any Forward-looking Statements, whether as a result of new information, future events or results or otherwise, except as required by law. There can be no assurance that these Forward-looking Statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, investors should not place undue reliance on Forward-looking Statements.  



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cbdMD, Inc. Announces Pricing of $14.3 Million 8.0% Series A Cumulative Convertible Preferred Stock Offering

cbdMD, Inc. Announces Pricing of $14.3 Million 8.0% Series A Cumulative Convertible Preferred Stock Offering

CHARLOTTE, N.C.–(BUSINESS WIRE)–
cbdMD, Inc. (NYSE American: YCBD, YCBDpA) today announced the pricing of its underwritten public offering of 1,913,100 shares of its 8.0% Series A Cumulative Convertible Preferred Stock at a price to the public of $7.50 per share. cbdMD expects to receive gross proceeds of $14,348,250 from the offering. The closing of the offering is expected to occur on or about July 1, 2021, subject to the satisfaction of customary closing conditions. The shares will be convertible into shares of cbdMD’s common stock at the holder’s option at a conversion price of $6.00 per share, or by cbdMD at a conversion price of $6.00 per share if the trading price of its common stock equals or exceeds $8.25 per share for at least 20 trading days in any 30 consecutive trading day period ending five days prior to the date of notice of conversion. The shares will not be redeemable prior to October 16, 2023, except upon the occurrence of a change of control.

The underwriters have been granted a 45-day option to purchase up to 286,900 additional shares of 8.0% Series A Cumulative Convertible Preferred Stock from cbdMD, exercisable in whole or in part, solely to cover over-allotments, at the public offering price less the underwriting discount.

cbdMD intends to use the net proceeds from the offering for working capital and other general corporate purposes.

ThinkEquity, a division of Fordham Financial Management, Inc., is acting as sole book-running manager for the offering.

The shares described above are being offered by cbdMD pursuant to a shelf registration statement on Form S-3 (File No. 333-228773) previously filed with and subsequently declared effective by the Securities and Exchange Commission (SEC).

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Preliminary prospectus supplements and accompanying base prospectus relating to this offering have been filed with the SEC and are available at the SEC’s website at http://www.sec.gov. Before investing, you should read the preliminary prospectus supplements and the accompanying prospectus for information about cbdMD and this offering. A final prospectus supplement related to the offering will also be filed with the SEC.

Copies of the final prospectus supplement and accompanying prospectus relating to the offering, when available, may be obtained from ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at [email protected]. Electronic copies of the final prospectus supplement and accompanying prospectus will also be available on the SEC’s website at http://www.sec.gov.

About cbdMD, Inc.

cbdMD, Inc. is a nationally recognized consumer cannabidiol (CBD) brand whose current products include CBD tinctures, CBD capsules, CBD gummies, CBD topicals, CBD bath bombs, and CBD pet products.

Safe Harbor / Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the proposed public offering and the intended use of proceeds from the offering. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including market conditions, risks associated with the cash requirements of our business and other risks detailed from time to time in our filings with the SEC, and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. We do not assume any obligation to update any forward-looking statements.

John Weston

Director of Investor Relations

[email protected]

704-249-9515

KEYWORDS: United States North America North Carolina

INDUSTRY KEYWORDS: Retail Health Tobacco Fitness & Nutrition Specialty General Health Pharmaceutical

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Natus Chairperson Dr. Barbara Paul Retires; Board Elects Current Board Member Joshua Levine as Chairperson

PLEASANTON, Calif., June 28, 2021 (GLOBE NEWSWIRE) — Natus Medical Incorporated (NASDAQ:NTUS) (the “Company” or “Natus”), a leading provider of medical device solutions focused on the diagnosis and treatment of central nervous and sensory system disorders for patients of all ages, today announced Dr. Barbara Paul, the Chairperson of the Board of Directors will retire from the Board effective June 30, 2021. The Board has elected independent director Joshua Levine who has served on the Natus board since 2018 as the new Chairperson.

Jonathan Kennedy, President and Chief Executive Officer of Natus, said, “Barbara played an instrumental role on our board over the past five years, helping to guide the One Natus transformation. Barbara’s experience as a healthcare provider has proven to be valuable to all our stakeholders and we are a stronger company as a result of her contributions. Barbara’s guidance and counsel will be missed, and I am grateful for her service.”

“I have appreciated and enjoyed the opportunity to serve on Natus’ board, and am proud of the collective achievements and significant progress made by the Company over the past five years. It has been my privilege to serve as board chair,” said Dr. Paul.

“I am grateful for the trust of my fellow board members in appointing me to this leadership position. I want to thank Dr. Paul for her service and leadership of the board,” said Joshua Levine, Natus’ new Chairperson of the Board of Directors.

Dr. Paul’s decision to retire from the Board after five years of distinguished service did not result from any disagreement with the Company or its management.

About Natus Medical Incorporated

Natus is a leading provider of medical device solutions focused on the diagnosis and treatment of central nervous and sensory system disorders for patients of all ages. Additional information about Natus Medical can be found at www.natus.com.

Natus Medical Incorporated
B. Drew Davies
Executive Vice President and Chief Financial Officer
(925) 223-6700
[email protected]



Posted on

Virgin Galactic Holdings, Inc. Investors: Last Days to Participate Actively in the Class Action Lawsuit; Portnoy Law Firm

Investors with losses are encouraged to contact the firm before

July 27, 2021

; click


here


to submit trade information

​LOS ANGELES, June 28, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Virgin Galactic Holdings, Inc. (NYSE: SPCE) investors that acquired shares between October 26, 2019 and April 30, 2021. Investors have until July 27, 2021 to seek an active role in this litigation.

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

It is alleged in this lawsuit that, throughout the Class Period, Virgin made misleading and false statements and failed to disclose that: (i) SCH’s warrants were required to be treated as liabilities, as opposed to equities, for accounting purposes; (ii) Virgin Galactic’s disclosure controls and procedures and internal control over financial reporting were deficient; (iii) consequently, Virgin Galactic improperly accounted for SCH warrants that were outstanding at the time of the business combination; and (iv) Virgin Galactic’s public statements were materially false and misleading at all relevant times, as a result.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2021.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com

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